earnings
confidence high
sentiment negative
materiality 0.75
FreightCar America Q2 net loss $30.1M; backlog up 121% sequentially; FY2026 guidance lowered
FreightCar America, Inc.
- Revenue $113.1M (down 5% YoY); railcar deliveries 927 units vs 939 prior year.
- Net loss $30.1M ($0.94/diluted) includes $24.9M non-cash warrant loss; adjusted net loss $0.8M ($0.02/diluted).
- Backlog 3,972 units valued at $344M, up 121% sequentially; new railcar orders market share ~45%.
- Aftermarket revenue grew 13% YoY; second aftermarket acquisition completed after quarter-end.
- FY2026 guidance: deliveries 3,500-3,900, revenue $410-460M, Adj. EBITDA $36-44M; workforce realignment to save ~$12M annually.